Incorporated in 1972, General Insurance Corporation of India is the largest reinsurance company in India in terms of gross premiums. They provides various general insurance products like property, energy, marine, engineering, miscellaneous, aviation-hull/spares-rotor wing, aviation-hull/spares-fixed wing, liability, aviation treaty�hull, spares and liability insurance products. They also offers cargo and offshore energy, motor, life, agriculture, space, health, credit and financial insurance.
They offers reinsurance solutions for the Afro-Asian region and reinsurance programs in South East Asia, the Middle East and Africa. They develop their overseas business through their home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur, a representative office in Moscow, a subsidiary in the United Kingdom that is a member of Lloyd�s of London and a
subsidiary in South Africa.
Competitive Strengths
- Leader in Indian reinsurance industry with 44 years of experience
- International presence
- Diversified product portfolio and revenue streams
- Strong financial track record and a strong balance sheet
- Experienced management team
General Insurance Corporation IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹855 to ₹912 per equity share |
| Market Lot | 16 Shares |
| Min Order Quantity | 16 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 540755 |
| NSE Symbol | GICRE |
| ISIN | INE481Y01014 |
| Issue Size | Aggregating up to ₹11,175.84 Cr |
| Fresh Issue | Aggregating up to ₹[.] Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
General Insurance Corporation IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 11-Oct-17 |
| IPO Close Date | 13-Oct-17 |
| Basis of Allotment Date | 18-Oct-17 |
| IPO Listing Date | 25-Oct-17 |
General Insurance Corporation IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 16 | ₹14,592 |
| Maximum | 13 | 208 | ₹189,696 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For General Insurance Corporation of India
Company Promoters:
The Promoter of the company is President of India, acting through the Ministry of Finance.
Company Financials:
| PARTICULAR | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 |
| Total Assets | 485,269.54 | 406,375.76 | 430,986.15 | 332,005.86 | 281,390.59 |
| Total Revenue | 36,441.79 | 32,340.78 | 30,995.34 | 26,985.09 | 25,111.20 |
| Profit After Tax | 28,578.52 | 26,549.18 | 28,026.85 | 23,218.42 | 22,888.64 |
Objects of the Issue:
The Offer comprises of the Fresh Issue and the Offer for Sale.
- Offer for Sale
Corporation will not receive any proceeds from the Offer for Sale. - Fresh Issue
Corporation proposes to utilize the Net Proceeds from the Fresh Issue towards:
(i) Augmenting the capital base of the Corporation to support the growth of their business and to maintain current solvency levels; and
(ii) General corporate purposes.
Registrar & Company Details
| Company Contact Information | General Insurance Corporation IPO Registrar |
| General Insurance Corporation of India �Suraksha� 170, J Tata Road, Churchgate, Mumbai 400 020 Phone: + (91 22) 2286 7000 Email: investors.gic@gicofindia.com Website: http://www.gicofindia.com | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: gic.ipo@karvy.com Website: https://karisma.kfintech.com/ |
